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FILE PHOTO: An Airbus A318-100 airplane of Avianca Brazil flies over the Guanabara Bay as it prepares to land at Santos Dumont airport in Rio de Janeiro, Brazil, April 3, 2019. REUTERS/Sergio Moraes/File Photo SAO PAULO (Reuters) - Brazil’s civil aviation regulator ANAC said on Friday it had suspended all flights and operations of carrier Avianca Brasil in the country as a precautionary measure, following the company’s filing for bankruptcy late last year. “All the flights are suspended until the company proves it has the capacity to maintain operations safely,” ANAC said in a statement. Avianca Brasil has filed for bankruptcy protection and lost most of its fleet after lessors obtained favorable court decisions to take aircraft back for lack of payments. It is still trying to reach a deal to sell remaining assets. The carrier, which is controlled by the same holding company as publicly traded Colombia-based Avianca Holdings SA, was operating around 30 … [Read more...] about Brazil suspends operations of airline Avianca Brasil

OSLO (Reuters) - Norwegian cruise ship operator Hurtigruten has signed a 7.5-year deal to buy liquefied biogas (LBG) made from dead fish and other organic waste to power its vessels, the firm said on Thursday. Under the contract with Biokraft, Hurtigruten ships will start receiving near-daily supplies of LBG, with the first delivery taking place in 2020, it added. The company last year said would invest about $800 million to refit six vessels to partly run on the renewable fuel. Reporting by Lefteris Karagiannopoulos, editing by Terje Solsvik … [Read more...] about Norwegian cruise operator signs rotten fish biogas deal

** Thomas Cook, EasyJet Plc, TUI AG , International Consolidated Airlines Group SA and Ryanair Holdings shares down after Barclays publishes study on Britons preferring vacations within the UK ** A survey of 2,006 domestic tourists, conducted by Barclays, found that 31% are likely to spend more time on holiday in the UK this year ** TCG down 6.6%, EZJ edges down 1.8%, TUIGn falls 4.4%, RYA down 1.9% ** Survey found 18% are concerned over impact of Brexit on foreign travel, family finances when opting for a staycation ** TCG already issued its third profit warning in less than a year last week, citing weak demand, increased promotional activity and earlier discounting ** Several airlines have recently said that uncertainty around Brexit has contributed to a tougher environment (Reporting by Sangameswaran S in Bengaluru) … [Read more...] about BUZZ-UK airlines: Falls as British holiday seekers say no to…

BEIJING (Reuters) - China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil, Aug. 14, 2018. REUTERS/Paulo Whitaker/File Photo Air China Ltd and China Southern Airlines Co Ltd spokesmen on Wednesday told Reuters the pair have added their voices to a request from China Eastern Airlines Corp Ltd announced a day earlier. The latest requests were first reported by Chinese state TV. China was the first country to ground the 737 MAX globally after a crash in Ethiopia killed 157 people in March, in the second such incident for Boeing’s newest aircraft. “China has grounded 96 aircraft, which is about 4 percent of its … [Read more...] about Chinese airlines seek Boeing compensation over 737 MAX grounding

(Reuters) - Canadian miner Barrick Gold Corp said on Tuesday it has proposed to acquire all of the shares it does not already own in Acacia Mining Plc through a share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia. The proposal values Acacia, which is majority-owned by Barrick, at $787 million and total consideration to the minority shareholders of Acacia of $285 million, Barrick said. In its statement, Barrick said it has been negotiating with the government of Tanzania for the last two years to settle a tax dispute which could allow Acacia to resume its full operations in the country. In a results presentation earlier this month, Barrick CEO Mark Bristow said Acacia was not cooperating in the negotiations and that Barrick was “stuck in the middle”, prompting Acacia’s interim CEO to criticize what he called Barrick’s early intervention. Bristow also said at the time that Barrick was open to buying out Acacia’s minority … [Read more...] about Barrick Gold bids to acquire remaining Acacia shares